SLM Corporation to announce second-quarter 2010 results on July 20, host earnings call on July 21

RESTON, Va., July 9, 2010—SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, today announced that it will release 2010 second-quarter earnings results after the close of the New York Stock Exchange on Tuesday, July 20, 2010. Sallie Mae Vice Chairman and CEO Albert L. Lord and Vice Chairman and CFO Jack Remondi will host a conference call for shareholders at 8 a.m. EDT on Wednesday, July 21, 2010.

To participate in the call on July 21, please dial (877) 356-5689 (USA and Canada) or dial (706) 679-0623 (international) and use access code 83583661 starting at 7:45 a.m. EDT. The conference call will be replayed continuously beginning at 11:30 a.m. EDT on Wednesday, July 21, 2010, and concluding at midnight EDT on August 4, 2010. To access the replay, please dial (800) 642-1687 (USA and Canada) or dial (706) 645-9291 (international) and use access code 83583661.

In addition, there will be a live audio Web cast of the conference call, which may be accessed atwww.SallieMae.com. Supplemental financial information and presentation slides used during the company's investor conference call may be accessed

here

no later than the starting time of the conference call. A replay will be available 30 to 45 minutes after the live broadcast.

For more information contact:

Steve McGarry(703) 984-6746 (investors)

Joe Fisher(703) 984-5755 (investors)

Martha Holler(703) 984-5178 (media)

SLM Corporation(NYSE:SLM), commonly known as Sallie Mae, is the nation’s leading saving, planning and paying for education company. Sallie Mae’s saving programs, planning resources and financing options have helped more than 31 million people make the investment in higher education. Through its subsidiaries, the company manages $182 billion in education loans and serves 10 million student and parent customers. In addition, the company’s Upromise program has enabled 12 million members to earn more than $525 million in rewards to help pay for college. Its Upromise affiliates also manage more than $25 billion in 529 college-savings plans. Sallie Mae offers services to a range of institutional clients, including colleges and universities, student loan guarantors and state and federal agencies. More information is available atwww.SallieMae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

News Source : SLM Corporation to announce second-quarter 2010 results on July 20, host earnings call on July 21